4 New DeFi Trends to Watch Out for in 2020
Read on the DeFi Pulse Blog

Total Value Locked (USD)

$664.1M

Maker Dominance

50.30%

Total Value Locked (USD) in DeFi

  • TVL (USD)
  • ETH
  • BTC
  • DAI
  • All
  • 1 Year
  • 90 Day
  • 30 Day
  • 7 Day
defipulse chart
All
Lending
DEXes
Derivatives
Payments
Assets
defipulse small logoNameChainCategory1 Day %
🏆
1.
Maker
Ethereum
Lending
$334.0M
0.9%
🥈
2.
Synthetix
Ethereum
Derivatives
$169.8M
1.7%
🥉
3.
Compound
Ethereum
Lending
$93.1M
2.3%
4.
InstaDApp
Ethereum
Lending
$34.7M
0.9%
5.
Uniswap
Ethereum
DEXes
$26.0M
2.1%
6.
dYdX
Ethereum
Lending
$15.0M
-0.2%
7.
Nuo Network
Ethereum
Lending
$7.6M
-4.7%
8.
Bancor
Ethereum
DEXes
$4.4M
0.2%
9.
WBTC
Ethereum
Assets
$4.3M
-0.5%
10.
bZx
Ethereum
Lending
$3.5M
-1.8%
11.
Kyber
Ethereum
DEXes
$3.4M
-0.8%
12.
Nexus Mutual
Ethereum
Derivatives
$1.5M
0.8%
13.
DDEX
Ethereum
Lending
$1.5M
-17.1%
14.
Dharma
Ethereum
Lending
$1.5M
-3.2%
15.
Set Protocol
Ethereum
Assets
$1.4M
-3.7%
16.
Augur
Ethereum
Derivatives
$626.0K
5.1%
17.
Lightning Network
Bitcoin
Payments
$535.2K
-91.4%
18.
Melon
Ethereum
Assets
$191.7K
1.1%
19.
xDai
Ethereum
Payments
$37.4K
-2.0%
20.
Veil
Ethereum
Derivatives
$19.1K
0.7%
21.
Connext
Ethereum
Payments
$12.1K
-2.0%

What is DeFi?

DeFi is an abbreviation of the phrase decentralized finance which generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum. In simpler terms, it's financial software built on the blockchain that can be pieced together like Money Legos.

What’s the purpose of DeFi Pulse?

DeFi Pulse is a site where you can find the latest analytics and rankings of DeFi protocols. Our rankings track the total value locked into the smart contracts of popular DeFi applications and protocols. Additionally, we curate The DeFi List, a collection of the best resources in DeFi.

How do we calculate total value locked (TVL)?

DeFi Pulse monitors each protocol’s underlying smart contracts on the Ethereum blockchain. Every hour, we refresh our charts by pulling the total balance of Ether (ETH) and ERC-20 tokens held by these smart contracts. TVL(USD) is calculated by taking these balances and multiplying them by their price in USD.

How do I get involved in DeFi?

Decentralized finance is open for anyone to take part in. You can start by exploring the resources found on The DeFi List. And if you’re looking to dive head first into the world of DeFi, we’ve written a beginner’s guide called Zero to DeFi. It will teach you the basics guiding you through how to start earning passive income via DeFi lending services.